Beulah International is about to launch its first joint venture apartment project with Malaysian developer,
The $76.5 million project named Gardenhill will be an important benchmark for Beulah International who purchased the $6.8 million Doncaster site in March this year.
The designers, Wood Bagot, enhanced the aesthetic value of the project while delivering improved amenity for future residents and superior view from most apartments, while staying within the permit’s limitations.
Beulah International Executive Director, Jiaheng Chan said the partnership between Beulah and Fajarbaru had come at the perfect time for both entities.
"Beulah International was founded in 2012 however without a strategic equity partner it had become difficult to compete in this highly competitive and agile acquisition market and execute our vision to deliver projects of a grand scale.
“Fajarbaru Builder Group, on the other hand, had the equity to invest and were keen to break into Melbourne’s property market but needed a development partner with local knowledge and expertise.
“The resulting partnership between Beulah and Fajarbaru is an outcome that will benefit both parties and we are excited to partner with this publicly-listed company in order to deliver Gardenhill, which is unlike anything Doncaster has ever seen before.
“This project’s level of design, innovation and quality is unsurpassed across all other nearby developments so we are keen to showcase this project to the local market when we launch it to the public in the coming weeks," he said.
Mr Chan said purchasing a site with a pre-existing permit presents its own challenges, which were carefully navigated in order to improve on the existing design without compromising any of the permit restrictions.
“When we bought the site the existing plans included provisions for a number of apartments which were going to be far too expensive for the end user in terms of current market demands, so we set about reconfiguring the internal layouts to add bedrooms which increased the value of the dwellings while remaining within the confines of the existing permit.
“We were also able to completely reconfigure the building’s layout to offer a far better aesthetic outcome and deliver more amenity throughout the building in the form of a rooftop terrace and another beautiful garden at ground level.
“The building also delivers a number of design innovations including sliding weather panels on the building’s exterior and moveable interior panels which offer the opportunity to change each apartment’s floor-plan depending on each resident’s preference,” he said.
The 136-unit apartment projects offers a variety of apartments with one or two bedroom apartments, with ample balcony space and a large spacious kitchen.